"We felt letting other developers pursue their projects would be the best decision," Piotrowski told The Tennessean. "It doesn't mean it won't be looked at ... at a future point. We remain very bullish about the hospitality community here in Nashville."

The Tennessean reports that Dallas-based TRT Holdings, which owns the 800-room Omni, had considered building a 400-room project, but abandoned those plans about 45 days ago.